Issuance of Australian Government Securities

13 May 2015

Issuance of Australian Government Securities

This notice provides details of planned issuance of Australian Government Securities by the Australian Office of Financial Management (AOFM) on behalf of the Australian Government over the remainder of the current financial year (that is, the period to 30 June 2015) and during the 2015-16 financial year (1 July 2015 to 30 June 2016).

Treasury Bonds

Treasury Bond issuance in 2014-15 is expected to be around $72 billion in face value terms, and will involve pre-funding part of the financing task for 2015-16 in order to maintain the current rate of issuance over the remainder of 2014-15. Details of the bond lines and amounts to be offered in a particular week will be announced at noon on the preceding Friday. Issuance to date in 2014-15 totals around $64 billion in face value terms.

Treasury Bond issuance in 2015-16 is expected to be around $74 billion. After accounting for maturities of $35.8 billion this represents net issuance of $38.2 billion. Tenders will continue to be held on Wednesdays and Fridays with details of the bond lines and amounts to be offered in a particular week announced at noon on the preceding Friday.

It is planned to establish several new bond lines in 2015-16.

Treasury Indexed Bonds

Over the remainder of the current financial year, three tenders for the issue of Treasury Indexed Bonds are planned. Total issuance for the year is expected to be around $4 billion in face value terms.

Issuance of Treasury Indexed Bonds in 2015-16 is expected to be around $4 billion in face value terms. Two tenders for the issue of Treasury Indexed Bonds of at least $100 million each will be conducted in most months.

Subject to market conditions, consideration will be given to issuing a new long-dated Treasury Indexed Bond in 2015-16.

Treasury Notes

Treasury Notes are a short-term discount security primarily used for within-year financing. The volume of Treasury Notes on issue varies depending on the flows of Australian Government receipts and expenditures.

Last updated: 13 May 2015